# South Korea’s won climbs back from 2-month low, stocks steady – Customs Today Newspaper

> The South Korean won recovered from a two-month low against the dollar, quoted at 1,140.8 per dollar, as declining global dollar demand and steady dollar sales by local exporters supported it. The KOSPI rose 0.2 percent to 2,361.88 points, with SK Hynix hitting a record high after joining a Japan-led bid for Toshiba's memory business.

- Date: 2017-06-22 · published 2017-06-22T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/70744-south-korea-s-won-climbs-back-from-2-month-low-stocks-steady-customs-today
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won lowers the local-currency cost of dollar-priced feed imports for South Korean buyers, a modest and short-lived effect on feed procurement costs.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- customstoday.media: https://customstoday.media/south-koreas-won-climbs-back-from-2-month-low-stocks-steady/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.